Roth IRAs

The Roth IRA is a retirement savings account that allows individuals, within certain guidelines, to make non-deductible contributions toward their retirement savings. Qualified distributions from a Roth IRA are tax-free.

In 1997, the Taxpayer Relief Act introduced two new types of IRAs, one of them being the Roth IRA under IRC 408A. Roth IRA contributions are NOT tax deductible.

Another important fact to note about the Roth IRA is that there is no requirement to take RMD at age 70-1/2. Also, an individual who is over 70-1/2 can continue to contribute to a Roth IRA as long as they have earned income.

    

Learn more

link opens in a new window  Why a Roth IRA?

link opens in a new window  Eligibility

link opens in a new window  2007 Contribution Limits

link opens in a new window  Contribution Deadline

link opens in a new window  Roth IRA 5-Year Period

link opens in a new window  Roth IRA Conversions

link opens in a new window  Failed Conversions

link opens in a new window  Recharacterizations

link opens in a new window  Recharacterized Conversions

link opens in a new window  Distributions from a Roth IRA

link opens in a new window  Required Minimum Distributions (RMDs)

   


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